The number of Belgian retail investors trading shares, exchange-traded funds (ETFs) and bonds declined in the second quarter of 2026, although ETF participation continued to grow over the longer term.
Belgian retail investor activity fell slightly in the second quarter of 2026, according to the latest Retail Investor Dashboard published by the Financial Services and Markets Authority (FSMA). The number of first-time investors remained significant during the quarter Around 230,000 Belgian retail investors traded shares during the quarter, while 179,000 invested in exchange traded funds (ETFs) and 15,000 traded bonds. The figures represent a decline in active investors across all three asse